The Implications of American Outsourcing Essay Example | Topics and Well Written Essays - 1000 words

The Implications of American Outsourcing - Essay ExampleOver the years the American economy has interpreted a drastic turn for the worse, especially in the realm of job sustainability. In a ask conducted by the University of California, 14 million white-collar jobs be vulnerable to being outsourced offshore (Roberts, 2005). These include jobs requiring a high-level of skill including information technology, accounting, architecture, advanced engineering design, news reporting, stock analysis, and medical and legal work (Roberts, 2005). According to another study done by EconEdlink, Americas unemployment rate has appendd alarmingly since 2001, after having undergo a period of substantial lows throughout the mid-90s. After that the unemployment rate remained somewhat steady, with a spiked increase between 2003 and 2004 followed by occasional yet not extremely noteworthy decreases. (See Figure 1 & 2 for a visual depiction of this phenomenon). How can outsourcing be justified in the face of such figures To irritate matters worse, many of the persons displaced by outsourcing are those who have spent a great deal of time, currency and cipher at colleges or other academic institutions trying to acquire specialized skills. When education can no longer offer assurance for an individuals financial future, the value of the investment in training, and in the individual, to promote ontogeny in Americas society, and economy, is diminished (Torrance, 2006). In fact, it is not too uncommon to hear IT graduates mumble about how in that respect are so few jobs available because the jobs they were trained to do are now being exported (Torrance, 2006). Consequently, sea captain workers affected by outsourcing must consider either negotiating lower remunerations or changing their barter completely. The former option seems unrealistic especially considering businesses who are outsourcing can set a minimum wage in developing countries that would never be accepted as a mi nimum wage in America (Torrance, 2006). The latter option only exists as long as there are industries that are pass oning to do business primarily in the United States. If other companies also believe outsourcing will improve their profitability, then where can the American worker turn Outsourcing proponents argue that even though outsourcing whitethorn take a few jobs away initially, in the long run it will put more than money in Americas pocket by lowering the cost of consumer goods and services. It will help create a sector of jobs more reliant on management and creativity than a fulfillment of worker-ant responsibilities. All of this could be true as long as some form of employment remains available for Americans to put one over money for spending. However, if everyone outsources it will get to the point that reduced costs wont matter because Americans simply wont have the money to